Showcasing Full Product Lineup at Booth 7S20, April 11–14, 2026
SHENZHEN, China, April 13, 2026 /PRNewswire/ — AKEEYO, a leading developer of intelligent recording solutions for two- and four-wheeled vehicles, will exhibit at Global Sources Hong Kong 2026 (April 11–14, Hong Kong Asia International Exhibition Hall), Booth 7S20.
AKEEYO at Global Sources Hong Kong 2026 — Booth 7S20, April 11–14
The exhibition marks a milestone for AKEEYO, bringing its full camera ecosystem to one of Asia’s top electronics sourcing events, where global distributors, dealers, and industry professionals can experience its latest innovations firsthand.
Products on Display
AKEEYO will present its full 2026 catalog across two key product categories:
Pro Bike & Motorcycle Action Cameras
The flagship AKY-730 Pro leads the lineup, featuring an 8MP Sony IMX678 sensor, 1/1.8″ full-frame capture at 60FPS, built-in GPS, a 1.14″ touchscreen display, EIS gyro stabilization, 3300mAh battery, and IP66 waterproofing. Video.
The AKY-710 Pro brings 8MP GC8613 sensor performance with EIS stabilization, dual-band Wi-Fi, and 4.5-hour battery life to cyclists seeking high-resolution footage at a competitive price point. The AKY-710S offers the same rugged 142° ultra-wide angle experience with Sony STARVIS 2.0 IMX335 technology, while the ultra-lightweight AKY-710 LITE — weighing just 101g — delivers accessible 2K recording with 7.5 hours of battery life for everyday riders.
Smart Dash Cam System
The AKY-NV-X2 is AKEEYO’s most advanced vehicle dash cam to date, combining a 2K dual-channel recording system with an optional third AHD channel, an 11.26″ IPS command screen, true full-color night vision powered by a 1/1.8″ large sensor, Super AI Blind Spot Detection (BSD), voice control, G-sensor emergency lock, 24/7 parking surveillance, and optional TPMS integration. Video.
Distributor & Partnership Opportunities
AKEEYO is expanding its global distributor and dealer network, offering competitive wholesale pricing, flexible MOQs, and single-unit fulfillment via overseas warehouses. Visit Booth 7S20 or complete the [Dealer Application Form] to discuss partnership opportunities.
Visit AKEEYO at Global Sources 2026
Show: Global Sources Consumer & Electronics Show 2026
Dates: April 11–14, 2026
Location: Hong Kong Asia International Exhibition Hall
AKEEYO specializes in smart recording solutions for motorcycles, bicycles, and vehicles — from pro-grade action cameras to intelligent dash cam systems. The brand serves markets across Asia, Europe, and the Americas through its global distributor network and e-commerce channels.
MELBOURNE, Australia, April 13, 2026 /PRNewswire/ — Slow and unreliable payments are influencing how subcontractors price and pursue future work, with preliminary findings from a recent Payapps, an Autodesk Company survey of 754 subcontractors across Australia and New Zealand showing that a builder’s payment reputation now has a direct impact on bidding behaviour and cost.
According to the survey, 77% of subcontractors said a main contractor’s payment reputation influences their decision to bid or price future work. By comparison, 57% said they have increased rates or added a risk margin due to slow or unreliable payments. The findings point to a growing commercial consequence for builders, as payment practices begin to affect not only subcontractor cash flow, but also pricing, confidence and supply chain resilience.
The survey also found that when payments are delayed, the top three impacts on subcontractors are tighter cash flow, increased stress and pressure, and greater difficulty paying suppliers. In addition, 40% of respondents said they would be interested in an optional early payment arrangement for approved progress claims, even if it meant receiving a slightly reduced payment.
In response to these pressures, Payapps, an Autodesk Company, has launched Early Payment — a new feature that enables main contractors to manage optional early payment requests within the progress claim workflow they already use to collaborate with subcontractors.
Rather than relying on informal conversations, side arrangements, or manual workarounds, the Early Payment feature in Payapps provides builders with a structured, transparent way to support subcontractor cash flow while maintaining governance, visibility, and commercial control. The feature allows contractors to configure eligibility, payment timeframes and discount settings, while embedding requests into existing approval workflows and downstream finance processes.
“Timing is the critical issue,” said Scott Lockwood, Head of Customer Success at Payapps. “Traditional early payment arrangements often try to accelerate approvals and payments while adding manual administration at the same time. That combination makes them difficult to govern and even harder to scale.”
“The Early Payment feature in Payapps changes that by embedding requests directly into the progress claim and approval workflow. It gives builders a practical way to support subcontractor cash flow while maintaining visibility, control and commercial discipline.”
Payapps said the feature has already been trialled with a select group of customers during its early rollout, helping validate how early payment works in practice across live projects.
“Our early payment approach gives subcontractors flexible access to funds when they genuinely need it, without changing underlying contract terms,” said Lewis Skittrall, Head of Commercial at Sarah Constructions. “By keeping the process optional, transparent and embedded within our existing Payapps claim workflows, we’re able to support our supply chain while maintaining strong commercial governance across projects.”
The launch reflects a broader shift in construction finance and commercial operations, where builders are under increasing pressure to improve internal efficiency while also responding to the real-world cash flow pressures faced by their subcontractor base. By standardising how early payment requests are made, reviewed, and approved, Payapps aims to help builders reduce administrative burden, avoid inconsistencies, and create a more professional, scalable way to respond to subcontractor funding needs.
How Payapps Helps Standardise Early Payment Requests in Construction
About Payapps
Payapps, an Autodesk Company, is an award-winning cloud-based collaboration tool for the construction industry. It helps main contractors and subcontractors simplify and streamline the submission and assessment of progress claims on projects, including contract variations. By digitising and streamlining these workflows, Payapps improves transparency, accuracy, compliance and collaboration, while reducing financial risk, disputes and administrative burden. Payapps integrates with a wide range of construction ERP, project and financial management systems to provide real-time visibility across project payment claim processes.
SINGAPORE, April 13, 2026 /PRNewswire/ — Swisslog proudly announces the successful deployment and commissioning of Satair’s new AutoStore system at its Singapore facility, underscoring Swisslog’s position as Southeast Asia’s leading AutoStore partners.
Picture from Satair AutoStore inauguration event: Torben Ruberg, CIO; Marcus Schwarz, Head of Logistics & Repair; Andy Lee, Managing Director Asia Pacific. Singapore EDB: Chan Ih-Ming, Executive Vice President. Airbus: Anand Stanley, President Asia-Pacific; and Raymond Lim, Head of Customer Services Asia Pacific (Photo credit: Satair)
This installation represents Satair’s third automation deployment globally, following successful implementations in Hamburg and Dulles. It forms a key pillar of the company’s strategy to harmonise and robotise logistics processes across its global network—enhancing efficiency, resilience, and scalability.
Enhancing speed and regional capability in aerospace logistics
The new AutoStore system strengthens Satair’s logistics capabilities across Asia-Pacific by enabling high‑density, goods‑to‑person automation. By storing approximately 80% of small and medium-sized parts within the existing 1,000 m² footprint. The system delivers faster and more consistent order processing while supporting scalable, 24/7 operations. This translates into improved reliability, shorter handling times, and greater flexibility for customers—particularly during periods of peak demand.
“Our partnership with Satair continues to be a strong example of how advanced automation can transform aerospace logistics. By combining Swisslog’s integration expertise with AutoStore’s high‑density storage technology, we are enabling Satair to scale efficiently and stay ahead of growing regional demand” says Steven Xie, EVP and Managing Director, Swisslog APeC
Reinforcing Singapore’s Aerospace Ecosystem
Supported by the Singapore Economic Development Board (EDB), the installation strengthens Singapore’s position as a leading aerospace logistics hub. The project also contributes to the nation’s ongoing efforts to advance digitalisation and build future‑ready supply chain capabilities.
“The inauguration of AutoStore in Singapore is a pivotal step in our transformative regional growth via technology. By integrating this advanced automation, we are ensuring that our supply chain remains resilient and ready to support the rapid fleet growth we see across Asia-Pacific. This investment reflects our commitment to providing consistent, value‑added, world‑class service levels to our customers.” says Andy Lee, Managing Director for Satair Asia-Pacific.
Swisslog will continue to work alongside Satair as it expands its automation capabilities, ensuring the Singapore facility remains a benchmark for operational excellence in the region.
About Swisslog
Swisslog designs, manufactures and optimizes automated logistics solutions across the supply chain, powered by our modular SynQ software platform. With a global team of passionate employees and a portfolio of best-in-class technologies, we partner with customers from solution design through lifecycle.
Laos, China Launch New Bus Route Linking Yunnan to Luang Namtha (Photo: Cover News China)
Laos and China have launched a new international bus route connecting Xiang Hung City in Yunnan Province to Xiang Kok village in Luang Namtha, creating a direct overland link along a previously less accessible corridor.
Officials marked the launch on 11 April at the ASEAN Comprehensive International Transport Service Center in Xishuangbanna, Yunnan. The opening coincided with the 65th anniversary of diplomatic relations between Laos and China and the ongoing China–Laos Friendship Year.
How the Route Works
The route spans about 280 kilometers, starting from Jinghong City in Xishuangbanna and crossing into Laos through the Mengman Chahe Port before reaching Xiang Kok village.
The service runs one round trip daily, with a one-way journey taking seven to eight hours. A one-way ticket costs 158 yuan, around LAK 300,000 (USD 22).
The route offers direct, point-to-point travel, removing the need for multiple transfers that previously made the journey difficult for passengers.
Chinese media reported that He Shenglong, Director of the Comprehensive Transportation Department of Yunnan Provincial Department of Transportation, said the route strengthens cross-border transport systems, improves port efficiency, and enhances service standards.
He said the route will help attract investment, boost tourism, and support trade and logistics along the corridor.
Laos and China began discussions on cross-border transport cooperation in May 2025 in Kunming. Officials inspected proposed routes in July, followed by trial operations for the Jinghong–Xiang Kok route in December the same year.
Authorities officially launched the service this month.
Different from Existing Route
The new service marks the second cross-border bus route between the two countries but differs from the earlier Mohan–Boten shuttle.
The Mohan–Boten route connects railway stations over a short 16-kilometer distance and mainly serves passengers using the Laos–China Railway.
Meanwhile, the Xiang Hung–Xiang Kok route operates as a standalone intercity service along a western corridor that previously lacked direct public transport, opening access to areas once limited to traders and local communities.
Boosting Trade and Tourism
Authorities expect the route to support cross-border trade, increase tourist flows, and create new business opportunities.
Luang Namtha, a key gateway for trade and eco-tourism in northern Laos, stands to benefit from increased visitor traffic. The route also strengthens connectivity between Yunnan and Southeast Asia.
Officials said the new service will support sustainable economic development and deepen cooperation between Laos and China.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 April 2026 – Kenanga Investors Group (“Kenanga Investors“) has received seven prestigious awards at Asia Asset Management’s 2026 Best of the Best Awards (“the Awards“).
From left: Ranjit Singh Gill, Director & Head of Product & Market Development, Kenanga Investors, Tan Lee Hock, Publisher and Founder of Asia Asset Management, and Datuk Wira Ismitz Matthew De Alwis, Chief Executive Officer and Executive Director.
The firm was recognised with the following: Best Impact Investing Manager in ASEAN, Malaysia Best Impact Investing Manager, Malaysia Best Equity Manager, Malaysia Best Alternatives Manager, and Malaysia Best ESG Engagement Initiative.
In addition to the above, Chief Executive Officer and Executive Director Datuk Wira Ismitz Matthew De Alwis was named Malaysia CEO of the Year, marking this as the seventh year that he has received this prestigious award. Simultaneously, Chief Investment Officer, Lee Sook Yee received her ninth Malaysia CIO of the Year title.
Datuk Wira Ismitz Matthew De Alwis remarked, “The Awards have long been a benchmark of excellence for investment management, innovation and ESG-driven initiatives across the region. Being recognised for multiple achievements once again reflects our commitment to pursuing quality investment opportunities, supported by our capabilities in constructing diversified portfolios that are both dynamic and resilient. Of particular significance are our efforts in applying impact‑investing strategies and considerations to our decision‑making and operational processes, approaches that translate into measurable outcomes for our stakeholders. At the same time, our ability to draw on the expertise from established specialists have allowed us to provide a wider range of alternative products and services that our investors can rely on in today’s volatile markets”.
The firm attributes its outperformance in 2025 to disciplined stock selection and a resilient investment strategy during a year marked by geopolitical tensions. Chief Investment Officer, Lee Sook Yee, stated, “The investment team remained steadfast in our strategy of investing in companies with sustainable business models and competent management whilst trading at a discount to their intrinsic value. Regional and global diversification played a critical role in our outperformance, with Asia Pacific funds and global Islamic offerings delivering strong returns. This reflected our efforts to capture growth in emerging sectors such as AI while maintaining defensive positions locally through targeted stock picking. We are therefore honoured to be named Best Equity Manager in recognition of the success of our strategies”.
In 2026, Kenanga Investment Bank Berhad (“Kenanga Group“) launched Myrra, a dedicated token platform leveraging the Stellar blockchain. Its inaugural deployment involved the tokenisation of Kenanga Investors’ Kenanga Money Market Fund and Kenanga Islamic Money Market Fund. The Funds represented the first tokenised unit trust funds to go live in the Malaysian market. This milestone followed the publication of Project Juara: Malaysia’s Asset Tokenisation Opportunity, a whitepaper, authored by Kenanga Group, Saison Capital Pte Ltd, Helicap Labs Pte Ltd and Satori Research Ltd, which offered insights into the potential of Malaysia’s asset tokenisation industry.
The firm also recently launched the Kenanga Growth Fund Series 3 (“KGFS3“), the third fund within its flagship conventional fund series. The KGFS3 utilises Kenanga Investors’ proven investment philosophy and is managed with an active investment strategy depending on the market conditions and outlook, combining a top-down asset and sector allocation process with a bottom-up stock selection methodology.
The Malaysia Best Impact Investing Manager award recognises a firm’s success in deploying impact investing strategies in either public or private markets to generate positive, measurable social and environmental impact alongside sustainable financial returns.
The Best Impact Investing Manager in ASEAN recognises a firm’s efforts in making a difference in deploying its impact investing strategy in either public or private markets, the research and investment process, and assets under management.
The Malaysia Best Equity Manager award is in recognition of the success of the fund house’s equity products within Malaysia’s domestic market given the challenging trading conditions and its abilities in capturing potential growth opportunities.
The Malaysia CEO of the Year award is in recognition of the CEO’s overall achievements, performance of funds, increase of assets under management and their demonstration of leadership in the market.
The Malaysia CIO of the Year award is based on the CIO’s achievements at the country level and the strategies employed to capture growth whilst navigating risks.
The Malaysia Best House for Alternatives award recognises the firm’s achievements in growing the alternatives market, its performance record, and its growth in client base.
The Malaysia Best ESG Engagement Initiative award recognises a firm’s leadership in driving effective ESG engagement activities, enhancing corporate governance, and demonstrating positive market impact through its stewardship practices.
Asia Asset Management is the world’s longest-running publication focused on Asia’s institutional asset management and pension fund industry. Its Best of The Best Awards recognises the finest performers in Asia from financial services companies and institutional investors to service providers whose influence and excellence expands beyond borders.
For more information about Kenanga Investors, please visit kenangainvestors.com.my.
For more information about Myrra, please visit myrra.my. Hashtag: #Kenanga
The issuer is solely responsible for the content of this announcement.
Kenanga Investors Berhad 199501024358 (353563-P)
We provide investment solutions ranging from collective investment schemes, portfolio management services, alternative investments, as well as wills and trusts for retail, corporate, institutional, and high net worth clients via a multi-distribution network.
The LSEG Lipper Fund Awards 2026 recognised four funds under the Malaysia Provident Funds category; Kenanga Growth Fund was named Equity Malaysia (5 Years), Kenanga Growth Fund Series 2 was awarded Equity Malaysia Diversified (3 Years), Kenanga Malaysian Inc Fund was awarded Equity Malaysia Diversified (10 Years) while Kenanga Managed Growth Fund was recognised with the title Mixed Asset MYR Balanced – Malaysia (10 Years).
The Hong Kong-based Asia Asset Management’s (“AAM”) 2026 Best of the Best Awards awarded Kenanga Investors under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year (Co-Winner), Malaysia CIO of the Year, Malaysia Best House for Alternatives and Malaysia Best ESG Engagement Initiative.
At the AAM ETF Awards 2026, Kenanga Investors received an accolade under the category Malaysia Leverage and Inverse ETF of the Year for the Kenanga KLCI Daily 1x Inverse ETF. The IFN Investor Awards 2025 awarded the Kenanga Islamic Balanced Fund under the categories of “IFN Investor Best Balanced Mixed Assets Fund in Malaysia — MYR 2025”, “IFN Investor Best Balanced Mixed Assets Fund in Asia Pacific 2025”, and “IFN Investor Best Global Balanced Mixed Assets Fund 2025”.
The FPAM Financial Planning Leadership Award 2025 presented Kenanga Investors with the Platinum Award under the Charter Member Category, highlighting our dedication to shaping the future of financial planning. The FSMOne Recommended Unit Trusts Awards 2025/2026 has awarded the Kenanga Growth Fund Series 2 with the “Sector Equity — Malaysia Focused” award for the fourth consecutive year since 2022. For the ninth consecutive year, we were affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on reflects the fund management company’s well-established investment processes and sound risk management practices.
This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability department.
Disclaimer: Investors are advised to read and understand the Master Prospectuses (“MPs”), the Supplemental Master Prospectus (“SMP”) (if any), Information Memorandums (“IM”) (if any), Product Highlights Sheets (“PHS”) as well as consider the fees, charges and risk factors involved before investing. The MP, SMP (if any), IM (if any) and PHS have been registered and/or lodged with the Securities Commission Malaysia (“SC”), who takes no responsibility for its contents and related advertisement or marketing materials, does not indicate that the SC has recommended or endorsed the product/service. The advertisement has not been reviewed by the SC. Investors have the right to request for a copy of PHS and other relevant product disclosure documents which are available at our office, at any authorised distributors and our corporate website before making investment decisions. If you are in doubt when considering the investment or any of the information provided, you are advised to consult a professional adviser. A Fund’s track record does not guarantee its future performance. Kenanga Investors Berhad is committed to prevent conflict of interest between its various businesses and activities and between its clients/director/shareholders and employees by having in place procedures and measures for identifying and properly managing any apparent, potential and perceived conflict of interest by making disclosures to Clients, where appropriate. Kenanga Investors Berhad 199501024358 (353563-P).
TAIPEI, April 13, 2026 /PRNewswire/ — AnBogen Therapeutics, a clinical-stage biotechnology company focused on precision oncology, today announced that two key research abstracts regarding its lead compound, Imofinostat (ABT-301), have been selected for poster presentations at the 2026 American Association for Cancer Research (AACR) Annual Meeting. The data demonstrate ABT-301’s superior performance in enhancing immunotherapy for colorectal cancer (CRC) and reveal a novel mechanism for overcoming chemotherapy resistance in pancreatic cancer.
AnBogen will present these breakthroughs during the session “PO.ET09.01 – Epigenetic Modulators 1” on Tuesday, April 21, 2026, from 9:00 AM to 12:00 PM (Local Time) in San Diego.
1. Strengthening Immune Response: New Evidence in Colorectal Cancer (CRC)
Abstract Title:Imofinostat in combination with immune checkpoint inhibitors enhances anti-tumor activity in colorectal cancer
Abstract Number: 4496 (Section 14, Poster 15)
Key Breakthrough: Preclinical data confirms that Imofinostat, acting as an HDAC inhibitor, effectively modulates the tumor microenvironment (TME). By synergizing with immune checkpoint inhibitors and anti-angiogenic agents, it converts “cold tumors” into “hot tumors,” significantly enhancing the immune system’s ability to recognize and eliminate cancer cells. This provides a robust scientific foundation for AnBogen’s ongoing global clinical trials.
2. Breaking the Defense: Targeting the HDAC3-NRF2 Pathway in Pancreatic Cancer
Abstract Title:Imofinostat enhances chemotherapy response in KRAS-mutant pancreatic ductal adenocarcinoma (PDAC) by targeting the HDAC3-NRF2 pathway
Abstract Number: 4497 (Section 14, Poster 16)
Key Breakthrough: For highly challenging KRAS-mutant pancreatic cancer, the study reveals that Imofinostat precisely regulates the HDAC3-NRF2 signaling pathway—a key driver of chemo-resistance. By intervening in this pathway, Imofinostat significantly boosts tumor sensitivity to chemotherapy, offering a promising new therapeutic strategy for patients with this aggressive malignancy.
Triple Combination Strategy for Advanced CRC
Based on the strong scientific evidence presented at AACR, AnBogen is actively advancing a Phase 1/2 global multi-center clinical trial (NCT07244705) for Imofinostat in combination with Tislelizumab (an anti-PD-1 monoclonal antibody provided by BeOne Medicines under a clinical drug supply agreement) and an anti-angiogenic agent for advanced CRC.
This triple combination strategy leverages ABT-301’s capacity to reshape the tumor microenvironment and lift immune suppression, which in turn unlocks the therapeutic potential of the PD-1 inhibitor. Through a synergistic interplay with anti-angiogenic agents, the treatment collectively promotes the normalization of tumor vasculature and optimization of the microenvironment. This integrated action effectively dismantles drug delivery barriers, allowing immune cells to penetrate deeper into the tumor core for maximum anti-cancer synergy.
“The two abstracts presented at AACR this year represent international academic recognition of ABT-301’s innovative mechanism,” said John Hsu, CEO of AnBogen Therapeutics. “We are accelerating the translation of these findings into clinical results. Furthermore, our recent successful Series B funding and upcoming plans for an Emerging Stock Market listing will provide the resources needed to drive our trials forward and address significant unmet medical needs.”
About Imofinostat (ABT-301) Imofinostat is a small-molecule Histone Deacetylase inhibitor (HDACi). It reactivates tumor suppressor genes silenced by cancer cells, inducing apoptosis and inhibiting tumor growth. In Phase 1 monotherapy trials, ABT-301 demonstrated excellent safety and competitive advantages across various solid tumors.
Currently, a global multi-center Phase 1/2 clinical trial (NCT07244705) is underway to evaluate the safety and efficacy of Imofinostat in combination with Tevimbra® (Tislelizumab) and Bevacizumab. This study focuses on patients with proficient mismatch repair (pMMR) or non-high microsatellite instability (Non-MSI-H) metastatic colorectal cancer (mCRC).
About AnBogen Therapeutics AnBogen Therapeutics is a clinical-stage biotech company dedicated to developing innovative precision oncology therapies. By transforming high-value scientific discoveries into clinical proof-of-concept, AnBogen aims to provide next-generation treatment options for cancer patients worldwide.
Vientiane Southern Bus Terminal Adds Trips for Pi Mai Travel Rush (Photo: Pathedlao Daily)
Vientiane’s Southern Bus Terminal has increased daily services ahead of Pi Mai Lao, adding six extra trips to handle the holiday travel surge.
The terminal now runs 70 trips per day, up from its usual 64, with services operating from 5:00 AM to 10:30 PM. Terminal manager Souksavat Sisouk said passengers have already started arriving since 8 April, but congestion has not yet occurred. Authorities have not announced how long the increased schedule will remain in place.
Souksavat urged passengers, especially those using VIP buses, to book tickets in advance. Evening departures fill quickly, and some operators begin selling next-day tickets early.
He also advised travellers to check ticket details carefully, including route, seat number, and departure time, as multiple buses load at the same time.
Ticket Prices
Ticket prices follow the station’s announcement on 3 April.
Shorter routes include Vientiane–Paksan at LAK 180,000–200,000 (USD 8.30–9.20) and Vientiane–Thakhek at LAK 230,000–300,000 (USD 10.60–13.80).
Longer routes include Vientiane–Savannakhet at LAK 520,000–550,000 (USD 24–25.40), Vientiane–Pakse at LAK 400,000–500,000 (USD 18.40–23), and Vientiane–Salavan at LAK 520,000–550,000 (USD 24–25.40).
Fares to Sekong range from LAK 550,000–570,000 (USD 25.40–26.30), while Attapeu costs LAK 590,000–600,000 (USD 27.20–27.60).
Tickets to Don Khong and Venkham are priced at LAK 630,000 (USD 29), and Vientiane–Xiengkhuang ranges from LAK 350,000–400,000 (USD 16.10–18.40).
MELBOURNE, Australia, April 13, 2026 /PRNewswire/ — Adobe Storage Pakenham Pty Ltd ACN 671 103 432 (the Issuer) is seeking to raise a total of AUD 22,176,168 in funds by the issue of loan notes, according to an announcement today by the underwriter Banner Capital Management Limited (the Arranger/Underwriter). The issue comprises progressively drawn notes as detailed below.
The following is a text of the announcement:
Banner Capital Management Limited as Arranger and Underwriter has announced today that the Issuer is seeking to raise AUD 22,176,168 through the issue of a series of debentures (in the form of loan notes) for the purposes set out below.
The loan notes (the Notes) to be issued represent a loan commitment of up to AUD 22,176,168.
Pursuant to an agreement with the Issuer, the offer is made by the Underwriter to investors who are qualified as ‘wholesale investors’ as defined in the Corporations Act 2001 (Cth). The Underwriter has agreed to initially subscribe for the issued Notes on 10 April 2026 and will offer the loan notes pursuant to the agreement.
This open letter constitutes an offer of the Notes for the purposes of the ‘public offer test’ in section 128F(3)(e) of the Income Tax Assessment Act 1936 (Cth). That provision provides an exemption from Australian interest withholding tax in relation to interest paid on the loan notes to non-Australian noteholders.
Financiers and those in the business of dealing in debentures, or the buying and selling of loan notes or other debt interests and who are interested in subscribing for the Notes will be required to give customary representations, warranties and information about their status, to assist the Issuer to demonstrate compliance with section 128F of the Income Tax Assessment Act (Cth).
KEY FEATURES OF THE OFFER
Issuer/Borrower
Adobe Storage Pakenham Pty Ltd ACN 671 103 432
Financier/Underwriter and Arranger
Banner Capital Management Limited ACN 600 738 181 as trustee of the Banner Wholesale Real Estate Credit Fund
The Offer
An offer to subscribe for Loan Notes on the terms described in the transaction documents. The general terms of the transaction documents are set out in this Term Sheet.
Security and Ranking
First ranking mortgage over 1/7 and 7-9 Bald Hill Road, Pakenham VIC;
General Security Deed over the Issuer;
Guarantees from the corporate guarantor and director.
Purpose
The proceeds of the issue of the Loan Notes will be used by the Issuer to refinance the existing facility and to fund construction draws.
Settlement Date
10 April 2026
Term
15 months from the settlement date
Type of Instrument
Senior Loan Notes
Issue amount
AUD 22,176,168 (progressively drawn and exclusive of interest).
Interest Rate
BBSW + 5.3% per annum, paid at maturity
Transferability
The Notes are freely transferable without the consent of the Issuer
Governing Law
Victoria, Australia
The Issuer reserves the right in its absolute discretion to vary the terms set out above and accept or reject any offer. This offer will expire on 13 May 2026.
For further information please contact Brett Macgillivray at Banner Capital Management Limited – on +61 (3) 9929 6400 Email: enquiries@bannerassetmanagement.com
Restrictions in certain jurisdictions, including Australia
The distribution of this announcement and the offering and sale of the Notes in certain jurisdictions may be restricted by law. This message does not constitute an offer, invitation or solicitation to participate in the offer and be issued Notes in any jurisdiction where, or to any person or entity to whom, it would be unlawful to make such an offer, invitation or solicitation.
This message is not a prospectus or disclosure document and it has not been lodged with the Australian Securities & Investments Commission under Chapter 6D of the Corporations Act 2001 (Cth) (Corporations Act). The offer of Notes is only available to domestic and foreign investors who are qualified as “professional investors” or “sophisticated investors” as defined under the Corporations Act (Wholesale Investors). By accepting the offer, an offeree represents that the offeree is a Wholesale Investor. No Notes will be issued or sold in circumstances that would require the giving of a disclosure document under Chapter 6D of the Corporations Act.
The Notes referred to in this message have not been nor will they be registered under the US Securities Act of 1933, as amended (Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. There will be no public offering of the Notes referred to in this message in the United States.
About Banner
Banner Capital Management Limited is an Australian based alternate asset manager specialising in actively managed property debt and has provided attractive risk-adjusted returns to its investors since 2012.
